Seatofmypants
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Everything posted by Seatofmypants
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We have a guy at my office that trades his 401 several times a week, trying to time the market..... its insanity. Last year my portfolio out paced him by 11 percent. He returned 20% my portfolio was 31%, he is still trading his funds daily. FTR I've never moved my funds to a fixed position in the 16 years I've had a balance, but something tells me we are in for an insane ride over the next few months. Could be wrong....but the market cannot keep up this pace.
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LOL will that is one way to cause inflation....and that is exactly what they will do. The scary thing is the economy has been slowing around our area (PA-MD-DC) markets for about a year and a half. We are usually insulated from harsh downturns, but some of the only new money being spend is public sector work. Commercial projects are doing well, but private work never recovered from pre-08 levels. QE is like heroin to the guberment.
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Coronavirus fears cause mortgage rates to plunge to 8-year low
Seatofmypants replied to spin_dry's topic in Current Events
I had 19 years left at 5%. Worked out nicely for what I need out of it. Almost went with a 15 year....would have been 3.125-3.25 with 0 points and still lowered my payment, but I needed the lowest possible payment so I can build a new home on my lot....all while living in my current house. Hopefully my plan works, as there is no possible way I can rent (with all my side business stuff). -
Coronavirus fears cause mortgage rates to plunge to 8-year low
Seatofmypants replied to spin_dry's topic in Current Events
I had no idea they were trending so low. Super happy with my transaction 18 day close....ding dang done. -
Coronavirus fears cause mortgage rates to plunge to 8-year low
Seatofmypants replied to spin_dry's topic in Current Events
Just refi'd last week. 30 year fixed 0 points 3.5% plus $1000 in lenders credit. Dropped my payment $850 a month......that's fucking winning -
My 401k was invested highly aggressive (and I'm very steady investor not moving much other then a rebalance). I'm contributing 12% roth with a 4% employer match and was up 31% last year. I'm just hedging my bets for a little, just because of how badly I was killed in 08' RoR for the past 16' - 14.00 17' - 22.60 18' - (5.66) 19' - 30.77 Old position 50% CGTUX Columbia Tech, 25% T Rowe Price Brown Advisory LargeCap Growth separate Account Z, 25% VIGAX Vanguard Growth Index Admiral Fund. I get it I'm young, but this upcoming few months is going to be wild....or that is my fear.
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Highest number of independents to date approve of Trump
Seatofmypants replied to Snake's topic in Current Events
Yeah one out of the bunch of 70-80 year old senile fucks.....that's really electable. Perhaps the Dems should trot out someone who doesn't have one foot in the grave..... -
It hasn't stopped since the Bush era.....I don't like QE, but if the Fed can inflate currency at a controlled rate (relative to the world in such a global economy) it creates solvency. That hasn't really happened and the fed is just about out of rate to drop...so I don't expect QE to slow/stop any time soon
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QE is going to fuck us so bad....it is just when.
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He's just progressive. We need a center of the road Liberation. Three 'real' political parties would be great for the US.
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It would take just that.......and more then just a correction..... it would have to be a recession that starts soon. Don't see it.
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Bernie might take Philly....but you need more then that to take the state.